Wever: 25% cap on consumer credit interest takes effect

ORANJESTAD – Beginning August 1, 2026, Aruba will introduce a legal 25% cap on interest and charges for consumer credit. The measure is designed to strengthen consumer protection and prevent excessive borrowing costs.

The regulation applies to various forms of consumer credit, including cash loans, installment purchases and pawn loans. According to Minister Geoffrey Wever, the cap strikes a balance between protecting consumers and maintaining access to credit.

The government said this marks the first phase of the Consumer Credit Act, with additional measures such as credit supervision, a credit registry and lending standards to be introduced later.